Economia sostenibile: rischi e opportunità per il sistema bancario italiano

2021 ◽  
Keyword(s):  
Financial Management ◽  
Success Factors ◽  
Business Models ◽  
Banking Sector ◽  
Banking System ◽  
Position Paper ◽  
Added Value ◽  
Enabling Factors ◽  
Great Opportunity ◽  
Sustainable Economy

The transition towards a sustainable economy, i.e. towards business models that are able to reconcile the typical objectives of economic and financial management with environmental, social and governance (ESG) aspects and implications, is gaining increasing attention from all the main stakeholders, be they representatives of the political, scientific and social world, regulatory and supervisory authorities, market investors, workers and consumers. The companies, both industrial and financial, that will best respond to this market trend will be those that address ESG issues not as a pure response to public and regulatory pressure, but those that make it a lasting competitive advantage and longterm growth, taking an active leadership position in sustainability. For the banking sector, in particular, the implications will be considerable, given the fundamental role that banks play in financing the economy and businesses. In fact, being able to accurately identify the sectors, companies and business initiatives most exposed to these trends will be a fundamental factor in being able, on the one hand, to understand, identify, measure and effectively mitigate the new risks associated with them and, on the other, to promptly seize the new opportunities linked to the support and financing of the reconversion towards a more sustainable economy. In the current context, moreover, a great opportunity in this sense is represented by the possibility of channelling towards sustainable economy initiatives a substantial share of the public funds made available by Eurozone governments for the relaunch of the economy following the pandemic emergency. The objective of the position paper is to analyze the strategic priorities in addressing the risks and opportunities associated with the transition to a sustainable economy, to identify the initiatives with greater added value for the market and the respective enabling factors for their concrete implementation. The position paper is divided into four parts: 1. Market context and state of the art of Italian banks; 2. ESG in the banking sector; 3. ESG for non-financial institutions; 4. Key success factors and the role of risk management. Chapter 5 also includes the results of a questionnaire prepared by the Commission to which 31 banks responded, representing around 95% of the total assets of the Italian banking system.

scholarly journals Rola banków i sektora FinTech w świetle implementacji dyrektywy PSD2 ​

2018 ◽  
pp. 159-169
Author(s):  
Jacek Grzywacz ◽  
Ewa Jagodzińska-Komar
Keyword(s):  
Financial Services ◽  
Business Models ◽  
Banking Sector ◽  
Banking System ◽  
Technical Standards ◽  
Innovative Solutions ◽  
New Business ◽  
Close Cooperation ◽  
Changing Role

The aim of the article is to define the prospects for the development of cooperation between the banking sector and FinTech in the context of the implementation of the PSD2 directive. First, attention was drawn to the changing role of banks that have already taken actions to use the opportunities related to the implementation of this EU regulation of the European payments market. It has been pointed out that the opening of the banking system will result in close cooperation with the FinTech sector, so-called API economics, and this will affect the emergence of new business models. Next, new solutions developed in the PSD2 Directive were presented, with reference to new regulatory technical standards between the banking sector and third parties. The last issue raised in the article concerns cooperation between banks and the FinTech sector. Financial institutions should use innovative solutions offered by fintechs and thanks to that they will increase operational efficiency and create products and services better suited to clients' needs. In the next years, it will be possible to observe how the financial services market will change and which entities will play a significant role in it.

scholarly journals B2B Marketing Crafts Intelligence Commerce: How a Chatbot Is Designed for the Taiwan Agriculture Service

2020 ◽  
Vol 10 (2) ◽  
pp. 114-124
Author(s):  
Abbott Po Shun Chen ◽  
Keyword(s):  
Circular Economy ◽  
Rural Areas ◽  
Success Factors ◽  
Business Models ◽  
Economic Value ◽  
Added Value ◽  
Experience Economy ◽  
Resource Base ◽  
B2b Marketing ◽  
Lack Of Information

Intelligence commerce is one of the key success factors for Taiwan's development of business models. In particular, the agricultural service of rural areas is more like a social resource investment in the process of the transformation of the primary industry. However, agricultural firms still have to think about how to optimize services and create jobs to form an important resource base and competitive advantage. The place-making is the value of the circular economy, experience economy and digital economy provided by the intelligence commerce. The circular economy is the economic value of developing land recycling production. In remote farms, farmers' production processes and achievements can be assisted by customer communication and agile production visualization by the Chatbot of intelligence commerce, at which point the farm can be upgraded and added value. When consumers have prior knowledge and recognition of the farm, the farmers have a good stereotype, can provide services, and increase revenues for the experience activities of intelligence commerce. In view of the lack of information capacity of farmers, this research assists farmers in using a Chat to promote business activities. Overall, this research and the cooperative firm jointly develop intelligence commerce and establish an optimized business model for the practical application of a remote farmer's farm. In addition to the value of academic theory application, this achievement can also provide a good innovative operational value for industrial practice.

scholarly journals Adjustment of prudential norms, determining vector of the banking sector development

Upravlenie ◽  
2020 ◽  
Vol 7 (4) ◽  
pp. 32-43
Author(s):  
N. V. Gryzunova
Keyword(s):  
Internal Control ◽  
Business Models ◽  
Banking Sector ◽  
Banking System ◽  
System Reform ◽  
Banking Supervision ◽  
Interest Rate Policy ◽  
Credit Line ◽  
Russian Economy ◽  
Credit Institutions

Currently, the Bank of Russia carries out radical reforms in the administration system of banking supervision and regulation. You can observe the interaction between monetary policy and macro prudential policy. The purpose of the traditional regulator is protection of investors', shareholders', customers' capital. The main problem of the Russian economy is the shortage of investment and working capital from non-credit institutions and the difficulty to get a foothold lending. The main objective of the banking system reform is to create additional sources of investment for non-credit institutions. The tightening Supervisory requirements although eliminate the total bank risks, but reduce business activity and agility of the banking system. The curve of investment demand in the Russian economy is flat, that characterizes the low profitability of investments and the weak dependence on interest-rate policy. In this connection, it has been suggested to consider investment companies as the main criterion of competitiveness and the main argument in decision-making about granting a credit line.The feasibility of the allocation of investment criteria in the monetary rule has been shown in the article. The urgency proportional distribution of regulatory indicators of banking supervision by tier banking system, which are formed from the pacing of functional and regional specificity, – has been substantiated. The mechanism of price stability based on the clustering of financial institutions has been offered. It has been suggested to use the investment criteria as justification for a transfer service of non-bank organization to another bank cluster. Possible trends and implications of key planned reforms of the banking system including the bank's tier and the distribution tier of powers and functions have been analysed.Due to measures of preventive supervision and bank clustering, it is possible to expect regional market segmentation, improving the effectiveness of internal control systems, based on the distribution of the control functions in bank tiers, simplify management and risk reduction in accordance with the profile of the company and the level of the bank's operations. It has been proved in the paper that a focused segmentation of the credit market allows us to reduce the credit risks for banks, as well as to link market characteristics with the business models of each cluster.

scholarly journals РОЗВИТОК КОМЕРЦІЙНИХ БАНКІВ УЗБЕКИСТАНУ В УМОВАХ ЛІБЕРАЛІЗАЦІЇ ВАЛЮТНО-КРЕДИТНИХ ВІДНОСИН

2020 ◽  
pp. 86-91
Author(s):  
Наіля Рамілівна Асадулліна
Keyword(s):  
Commercial Banks ◽  
Banking Sector ◽  
Local Population ◽  
Banking System ◽  
Added Value ◽  
Successful Implementation ◽  
Material Base ◽  
Monetary Relations ◽  
The Republic ◽  
Stable Development

The liberalization of monetary relations has identified the problem of maintaining the level of economic standards for the banking sector of the Republic of Uzbekistan, in accordance with the requirements of the Basel Committee on Banking Supervision (Basel-3) and the Central Bank of the Republic of Uzbekistan. The aim of the research is to identify ways of stable development of commercial banks in Uzbekistan in the conditions of liberalization of monetary relations. The object of research is the process of stable development of commercial banks in Uzbekistan, as well as ways to improve the efficiency of the banking system as a whole. Research methods – logical, comparative, analytical, scientific and methodological. The hypothesis of the research is that ways to improve the effectiveness of public administration depend on the qualifications of managerial personnel and feedback from the local population. Statement of basic materials. The article considers the priority tasks of the banking sector of the republic, aimed at maintaining stability and stable development. As a priority measure to increase the stability of commercial banks in Uzbekistan, we propose intensifying efforts to attract foreign direct investment in the banking sector of the republic, including through an initial public offer (IPO) in the domestic market, or by placing depositary receipts of shares of commercial banks of the republic in foreign countries stock exchanges. Originality and practical significance of the research. The choice of a model of government in the economy is inevitably associated with geopolitical priorities and ideas about the country's place in the modern world. This means that governance institutions are also influenced by the assessment of governance effectiveness and political factors, which in turn are divided into domestic political ones – this is the support of the idea of state independence by the population. The findings of the research. All proposed measures in the banking system should ultimately increase the volume of attracted investments and ensure the implementation of large investment projects, which are a good example of the successful implementation of state policy on the rational use of the richest raw material base and industrial capacities, ensuring sustainable economic growth, and organizing production with high added value, enhance export potential.

Empirical assessment of the impact of blockchain technologies upon effective development of the banking system

2020 ◽  
pp. 105-116
Author(s):  
Marat Rashitovich Safiullin ◽  
Rafis Timerkhanovich Burganov ◽  
Leonid Alekseevich El'shin ◽  
Aliya Aidarovna Abdukaeva
Keyword(s):  
Financial Market ◽  
Russian Federation ◽  
National Economy ◽  
Financial Management ◽  
Banking Sector ◽  
Banking System ◽  
Practical Significance ◽  
The Russian Federation ◽  
Effective Development ◽  
The Impact

This article is dedicated to studying the problems and prospects in development of financial market of the national economy of the Russian Federation in the conditions of globalization and integration of FinTech technologies. Consideration of potential risks and consequences of their usage in economic activity would contribute to substantiation of the key strategic vectors in development of the financial market and national economy overall. Methodological framework contains positions of the theory of strategic management, financial management, and procedural approach. Peculiarities of determination of the parameters of financial sector development within the framework of scenario forecasting of integration of blockchain technologies into the banking system are revealed using the set of methods of systemic, complex, logical, comparative and economic-mathematical modeling. Based on assessment of the emerging effects caused by integration of distributed data storage technologies into the system operational processes of credit institutions, the author carries out a formalized assessment of development prospects of the banking sector in new institutional conditions of the economy. The theoretical and practical significance of the research consists in substantiation of the need for activation of the processes of integration of blockchain technologies into the financial system of national economy, which allows increasing sustainability and effective development of its participants, as well as ensuring the growth of global economic competitiveness for decades to come. The scientific novelty consists in proposal of an algorithm for assessing macroeconomic effects as a result of integration of blockchain technologies into the banking sector. The author builds the models that assess the impact of operational and credit risks upon the key parameters of financial performance of the banking sector of the Russian Federation.

scholarly journals DEVELOPMENT OF A MECHANISM FOR MANAGING THE INCOME OF FINANCIAL AND CREDIT INSTITUTIONS IN THE CONTEXT OF ECONOMIC MODERNIZATION

2021 ◽  
Vol 80 (1) ◽  
pp. 53-58
Author(s):  
G. P. Koptayeva ◽  
◽  
M. Kanabekova ◽  
Ye. Zh. Yertayev ◽  
A. B. Orazbayeva ◽  
...  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Banking Sector ◽  
High Efficiency ◽  
Banking System ◽  
Economic Security ◽  
Practical Implementation ◽  
The Stability ◽  
Definition Of ◽  
Credit Institutions

The research is caused, firstly, by the need to specify the definition of financial and credit institutions as subjects of the banking sector of Kazakhstan, analyze and evaluate existing approaches to managing their stability in the strategic aspect and identify factors (possible threats and dangers) that lead to loss of financial stability, and, secondly, by the need to develop a mechanism for managing the financial profitability of financial and credit institutions, ensuring their stable position both in the short and long term. To improve the quality of financial management and ensure the profitability of financial and credit institutions, it is necessary to justify and develop a strategy for managing their financial stability. At the same time, it should be borne in mind that even with high efficiency and profitability, insufficient attention to the issues of ensuring the stability and economic security of financial and credit institutions can lead to financial difficulties for them. Taking into account the problems discussed above, the relevance of issues related to improving the stability mechanism of financial and credit institutions has significantly increased, as has the need to find a new methodological apparatus aimed at adapting and studying foreign experience and its practical implementation in the domestic banking system.

scholarly journals Interoperability: how to improve the management of public financial resources

2018 ◽  
Vol 331 ◽  
pp. 431-445
Author(s):  
Györgyi Nyikos ◽  
Bálint Szablics ◽  
Tomás Laposa
Keyword(s):  
Financial Management ◽  
Success Factors ◽  
Public Services ◽  
Added Value ◽  
Financial Resources ◽  
Market Strategy ◽  
Public Financial Management ◽  
Digital Services ◽  
Administrative Procedures ◽  
The Creation

The article deals with the application of interoperable digital solutions in the domain of public financial management in order to improve the effectiveness of administrative procedures. The practical relevance of the topic is derived from the Digital Single Market Strategy for Europe which promotes the interconnection of public portals to elevate the added value of the digitisation of public services. The interconnection of portals and electronic registers can notably facilitate the reduction of administrative burdens, foment the creation of new digital services and contribute to the creation of the Digital State. Nonetheless, there has been little research on how it works in practice and on its impact on the efficiency of public financial management. The paper systematically reviews the main concepts of public financial management and the relevant strategies on the interoperability of public services. Based on this, it aims to analyse a series of Hungarian practices on interoperability to identify success factors that could support the design of new digital solutions to improve the management of public financial resources.

scholarly journals THE OPEN INNOVATION MODEL: EXPLAINING THE FACTORS THAT HINDER ITS IMPLEMENTATION IN THE ALBANIAN BANKING SYSTEM

2013 ◽  
Vol 1 ◽  
pp. 69-74
Author(s):  
Besarta Vladi
Keyword(s):  
Financial Crisis ◽  
Open Innovation ◽  
Banking Sector ◽  
Banking System ◽  
Executive Directors ◽  
Short Term ◽  
Great Opportunity ◽  
Lack Of Information ◽  
The World ◽  
Innovation Model

The implementation of an open innovation model is considered by many researchers, to be a great opportunity to help profit-making organizations become more competitive and successful. But some sectors, such as the banking sector, are not able to apply this model. In the Albanian banking sector, the concept of an open innovation model is almost unknown to executive directors. The question is: Why does this happen? The implementation of an open innovation model is strongly affected by cost, short term focus, legislative problems, lack of information, and frequently by a lack of interest in cooperation. As a possible solution for this problem, especially during the financial crisis which has impacted Albanian as well as the rest of the world, raising a strong awareness of the importance of this model could be one route to improve the level of competitiveness in the banking sector. 

scholarly journals Innovations in the banking sector: challenges of 2020

2020 ◽  
Vol 11 (4) ◽  
pp. 12-19
Author(s):  
Valeriya Yu. Anisimova ◽  
Alexander S. Komisarov
Keyword(s):  
Financial Stability ◽  
Large Scale ◽  
Business Models ◽  
Banking Sector ◽  
Banking System ◽  
Online Mode ◽  
Current State ◽  
Political Conditions ◽  
It Departments

In the article authors examines the current state of the banking system of the Russian Federation and the main trends in its development. This study analyzed the global payment services market in 2019, its potential and possible development directions. Changes related to the transformation of business models of the banking sector are considered and their comparative analysis is carried out. The classification of the main threats and challenges faced by the banking system in the context of COVID-19 was also carried out. Special attention is paid to the factors that have a significant impact on the development of the banking sector in the current economic, social and political conditions. Given the particular vulnerability of the financial sector, the state's policy of implementing large-scale regulatory easing for companies belonging to this sector of the economy is particularly relevant. This will allow banks to gradually adapt to the changed situation and maintain financial stability. It is concluded that the situation faced by the banking sector in 2020 in connection with COVID-19, has become a kind of catalyst for its accelerated development. Today, the main strategy of banking is not only the ability to meet the needs of consumers, but also to be able to anticipate and shape them. In order to accelerate innovation, the company buys FINTECH projects, startups, or creates its own IT departments to develop its own products or technological solutions. When searching for a new value for the consumer, an important factor was the customer experience, which is reflected not only in the benefits of the service or product provided, but also in the convenience of receiving it. Therefore, another of the main trends of modern Russian banking is its transition to online mode. In the article authors examines the current state of the banking system of the Russian Federation and the main trends in its development. This study analyzed the global payment services market in 2019, its potential and possible development directions. Changes related to the transformation of business models of the banking sector are considered and their comparative analysis is carried out. The classification of the main threats and challenges faced by the banking system in the context of COVID-19 was also carried out. Special attention is paid to the factors that have a significant impact on the development of the banking sector in the current economic, social and political conditions. Given the particular vulnerability of the financial sector, the state's policy of implementing large-scale regulatory easing for companies belonging to this sector of the economy is particularly relevant. This will allow banks to gradually adapt to the changed situation and maintain financial stability. It is concluded that the situation faced by the banking sector in 2020 in connection with COVID-19, has become a kind of catalyst for its accelerated development. Today, the main strategy of banking is not only the ability to meet the needs of consumers, but also to be able to anticipate and shape them. In order to accelerate innovation, the company buys FINTECH projects, startups, or creates its own IT departments to develop its own products or technological solutions. When searching for a new value for the consumer, an important factor was the customer experience, which is reflected not only in the benefits of the service or product provided, but also in the convenience of receiving it. Therefore, another of the main trends of modern Russian banking is its transition to online mode.

Stress-testing Russian Banking System: Will Banks Need Government Assistance Again?

2010 ◽  
pp. 61-81 ◽  
Author(s):  
O. Solntsev ◽  
A. Pestova ◽  
M. Mamonov
Keyword(s):  
Stress Testing ◽  
Banking Sector ◽  
Stress Test ◽  
Banking System ◽  
Government Assistance ◽  
Methodological Issues ◽  
Loan Portfolio ◽  
Macroeconomic Indicators ◽  
Remote Stress ◽  
Capital Injections

The article analyzes factors that affect growth of the share of non-performing loans in the loan portfolio of Russian banks and proposes approaches for this share forecasting on the basis of dynamics of macroeconomic indicators. It also deals with methodological issues of remote stress-test of lending agencies. Using the results of conducted stress-test of Russian banks the authors assess their perspective capital needs in 2010 and estimate the share of government assistance in capital injections. Furthermore, the authors define the scale of vulnerable banks groups in the Russian banking sector.

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